USD/JPY – 30M – BUY

The pair US Dollar/Japanese Yen (USD/JPY) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 159.68 is considered certain.

Caution: A possible reversal of the trend in the direction of the support line at 159.008 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Next a ‘StochRSI Hidden Bullish Divergence’ indicator layout is discovered. The indicator shows ‘StochRSI Hidden Bullish Divergence’. which is often a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 159.68 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 159.68 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Three White Soldiers’ candle chart pattern is discovered. The chart forms ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

159.68 – 159.428 – 159.234 – 159.008 – 158.566 – 157.86 —
159.49400 – 159.21300 —
52.281866254928 – 42.861391186819 —
– —
159.68 – 1773387000

Trading Signals: FOREX – USD – USD/JPY – JPY – Three White Soldiers – – – – – – – – –